Tuesday, March 25, 2008

We're just getting started

Spending on Medicare, the U.S. health-care program for the elderly, will reach a legal limit by 2014, requiring the next president to propose changes.

The report issued today is the second consecutive year that Medicare's trustees have pulled the so-called trigger, a law mandating that the president introduce legislation the following year to protect the program's financing.


What? Whoever drafted this report is a quack. Everyone knows Medicare is in great shape. In fact, it's in such great shape we're going to expand it to the entire country. Our honorable senators would never put together a program that resembles a Ponzi scheme.

More....


3 comments:

Anonymous said...

Will this happen on a larger scale if national health care is enacted? (Check England,Canada,etc.)

gordon gekko said...

Hello!

Yeah it will happen at a larger scale. Have you seen the FICA unfunded pension liability?

It's only about 3000 Enrons all put together.

Anonymous said...

Easy man...it was a rhetorical question.